# eLichens

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elichens

- Industry: Internet
- Headquarters: Grenoble, France
- Website: www.elichens.com
- Total disclosed funding: $5.5M
- Latest round: Series C (Feb 12, 2021)
- Investors on record: 4

## About

eLichens is a technology firm specializing in advanced gas sensor solutions, focusing on methane detection and air quality monitoring, serving diverse industries globally.Founded in 2014, eLichens is headquartered in Grenoble, France, and specializes in gas sensing technologies. The company was founded by Marc Attia, who has a history of entrepreneurial ventures. eLichens has successfully completed four deals, including the most recent funding round in April 2022, where it raised EUR 9.00 million during its Series C round, bringing the total amount raised to EUR 9.00 million and a current company valuation of EUR 65.83 million.eLichens specializes in advanced gas sensor technologies, focusing on methane detection and air quality monitoring. Their core product offerings include several models of NDIR (Non-Dispersive Infrared) gas sensors designed for industrial safety and environmental monitoring. The flagship products such as the P2M50 EmiVolta, which detects methane emissions with a limit of detection (LOD) of 50ppm, and the AURA-CO2 sensor for indoor carbon dioxide detection, serve a wide range of end users, from industrial manufacturers to smart city planners. These products are engineered to provide high accuracy, long lifespan, and ultra-low power consumption, catering to markets that emphasize environmental safety, public health, and energy efficiency. eLichens markets its products globally, focusing on regions that require stringent air quality management, including Europe, North America, and parts of Asia.eLichens generates revenue through direct sales of its gas sensors and monitoring solutions, as well as potential subscription services for ongoing data access and analysis through their Global Air Quality Map. The company structures transactions primarily in a B2B model, partnering with industries that require gas detection and air quality monitoring solutions, including utilities, smart buildings, and agricultural sectors. Revenue is derived from both one-time purchases of flagship products such as the eLichens Avolta Natural Gas Detector and the P2M50 EmiVolta, as well as recurring fees associated with monitoring services. This dual revenue model positions eLichens to capitalize on both immediate sales and ongoing service relationships with its varied client base.In April 2022, eLichens raised EUR 9.00 million in venture funding, which will be allocated towards the development of new products aimed at enhancing their gas sensing capabilities. The company plans to expand into new markets, specifically targeting regions in Asia and North America by 2024, to meet increasing global demand for air quality monitoring solutions. This strategic funding will support their initiatives in product development and market penetration.

## Funding rounds

- Series C, Feb 12, 2021, $5.5M — Sofimac Innovation, Demea Invest, Val de France Angels, BNP Paribas Developpement

## Investors

- Sofimac Innovation (https://capitalatlas.ai/funds/sofimac-innovation) — Series C
- Demea Invest (https://capitalatlas.ai/funds/demea-invest) — Series C
- Val de France Angels — Series C
- BNP Paribas Developpement (https://capitalatlas.ai/funds/bnp-paribas-developpement) — Series C